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Latest Briefings

New Act on the Control of Investments Detrimental to the Interests of Hungarian National Security

The Hungarian Government recently adopted Act no. LVII of 2018 on the Control of Investments Detrimental to the Interests of Hungarian National Security (the “Act”). Previously we wrote about a similar legislative proposal which aimed at establishing a similar control mechanism. However, the Act has a more sophisticated approach on the control and approval procedure […]

Health and safety at work in Romania: What companies need to know

Failure to take or observe the mandatory measures for health and safety at work may entail, among other types of liability (e.g. civil, administrative), potential criminal liability for employers. The Romanian Criminal Code (the “RCC”) provides for two offences which sanction such failure: i) failure to take the mandatory measures for health and safety at […]

Switzerland: Insolvency law, policy and procedure

By Daniel Hayek and Laura Oegerli Statutory framework and substantive law Swiss restructuring and insolvency proceedings are mainly governed by the Swiss Debt Enforcement and Bankruptcy Law (DEBA), which entered into force in 1892. A number of other laws and ordinances further regulate special aspects of restructuring and insolvency proceedings, such as specific provisions according to […]

Czech Republic: Office for the Protection of Competition gets tougher

In April 2018 the Office for the Protection of Competition adopted new guidelines on the method of setting fines for competition law infringements,(1) noting that the need for a revision of the previous guidelines had emerged in the wake of developing case law, as well as amendments to the Act on the Protection of Competition. The […]

FOS expansion to SMEs – near-final rules published

By Paul Gair The Financial Conduct Authority yesterday released its policy statement on SME access to the Financial Ombudsman Service (FOS), setting out its near-final rules for amending the compulsory jurisdiction to include new definitions for “small businesses” and “guarantors”. At the same time, it has released a new consultation paper detailing proposals for increasing […]

Recommended

Birchams posts record year profits

Westminster-based firm Bircham & Co has posted record profits for the last financial year. Birchams’ turnover has soared to more than u10m – a 16 per cent increase on the previous year. Targets were beaten in every one of the firm’s departments. Birchams’ partner count has also reached an all-time high of 24 with the […]

Stephenson Harwood loses three partners

Stephenson Harwood’s top insolvency partner and two other partners are set to leave the firm. Insolvency partner Geoff Woolf and banking partner Paul Diss are understood to be joining SJ Berwin. Litigation partner Roger Brown is going to Herbert Smith. They had all been at Stephenson Harwood for more than 20 years. All three cite […]

Financing

Allen & Overy, led by partner David Morley, advised a six-bank group of arrangers, including Citibank, Goldman Sachs, Merrill Lynch and UBS, on the US$16bn bid financing put in place for Spanish oil company Repsol’s bid for Argentina’s largest privately owned company, YPF. Freshfields advised the borrower.

Dibbs hires brewery specialist for EU dept

Dibb Lupton Alsop has added a brewing sector specialist partner to its EU competition team. Martin Rees was formerly deputy director and senior legal adviser of the Brewers and Licensed Retailers Association, where he spent just over a decade. But his position at the association has now been abolished after it decided to buy in […]

Solicitors duck for cover as protesters target City rich

Freshfields’ City office was reportedly paint-balled, hit by custard pies and abseiled down by protesters, and City lawyers donned mufti to protect themselves from rioters campaigning against global capitalism in the Square Mile last Friday. Linklaters, Lovell White Durrant, Dibb Lupton Alsop and Herbert Smith were among firms on the protesters’ route who followed police […]

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